Senate passes GENIUS Act 68–30, advancing stablecoin regulation to the House vote.
GENIUS mandates full backing, audits, and restricts non-financial firms from issuing stablecoins.
Political tensions persist, but lawmakers aim for stablecoin legislation before August.
The U.S. Senate has passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act with a strong, bipartisan 68–30 vote. The landmark legislation creates the first comprehensive federal framework for regulating stablecoins. The bill now moves to the House of Representatives for a final, decisive vote expected in the coming weeks.
GENIUS Act just PASSED the Senate 68-30
Today’s bipartisan win would be impossible without the unwavering commitment to American innovation from @SenatorHagerty, @gillibrandny, @SenLummis, @Sen_Alsobrooks, @SenatorTimScott, and @LeaderJohnThune@DigitalChamber and our +200… pic.twitter.com/Ow01WOGDGj
— Taylor Barr (@taylorjbarr) June 17, 2025
This represents a major victory for the crypto industry, which has long advocated for clear federal rules to facilitate broader institutional adoption.
A Look Inside the “GENIUS Act” and Its Ke…
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